New Jersey Online Gambling Revenue Drops for First Time

February 27, 2020Royal Vegas Casino

0 Comments



New Jersey’s Atlantic City casinos saw online gambling profits fall for the first-time in April. (Image: Atlantic-City-Casino.com)

While the revenues from New Jersey’s emerging online gambling market have now been small, most observers have remained positive about the long-lasting prospects for online gambling in their state. After all, considering that the launch of the sites in November of last year, online casino and poker games have actually brought in more and more cash each thirty days, suggesting that constant growth could be expected for some time.

But that streak is now at an end. Web gambling profits were down somewhat for nj in April, dropping to a total of $11.4 million for the month. That’s of a half-million less than in March, as soon as the internet sites earned $11.9 million.

The main reason for this is that had one less day than March april. But it doesn’t inform the whole tale: the average take per day was additionally down extremely somewhat, dropping from $383,173 in March to $380,958 in April.

This comes after strong gains in recent months. Both January and March saw double-digit monthly gains over past months, while even February the shortest month of the year saw a nine percent increase over January.

Good Weather, Payment Issues Cited

Officials cited reasons that are possible the decrease, while staying upbeat about the long run of on line gambling in the state.

‘Maybe when the weather was good, t

Continue reading »